the5erstrading
Short

Quasimodo Level On 4H Chart In GBPCAD 22/01/2019

FX:GBPCAD   British Pound / Canadian Dollar
The supply level above us is also Quasimodo level, Quasimodo consider as a very reliable pattern, usually, Quasimodo level creates a great Risk Reward ratio, the supply above has Broke out the last low of the bullish momentum that was before, the price did it in a very sharp and fast drop and in one movement which creates the Quasimodo level, I'll wait for the Price to reach that supply, and I'll sell there on the first touch and my long term target will be 1.6000 zones.
Comment: I'm just about to sell, in 15 pips above
Comment: Already 50 pips profit, i roll my stop loss to break even - 1.7450
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How is it a Quasimodo?
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the5erstrading livingdaylight
@livingdaylight, The price drop from that level and broke the last low of the uptrend before, he did it in one sharp movement, try to look at this level in a lower time frame
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